TCS wins a 10-year contract to manage Teachers’ Pension Scheme in England and Wales

 

Tata Consultancy Services (TCS), one of the leading IT companies in India, has announced a big win in the UK market. The company has been selected by the Department for Education (DfE) of England to administer and enhance customer experiences of the Teachers’ Pension Scheme in England and Wales.

The Teachers’ Pension Scheme is the second largest public sector pension scheme in the UK with over 2 million members. TCS will use its digital expertise and omnichannel platform to provide accurate and efficient administration of pension records, payment of benefits, scheme finance management, member engagement and easy access to information.

TCS will also deliver a digital-first, self-service pension experience, giving scheme employers and members anytime, any-channel access to their account information, along with personalized insights to help them understand their pension plan better and empower them to make informed decisions.

“We are delighted to partner with the Department for Education to digitally transform administration of the Teachers’ Pensions Scheme and deliver the best-administered UK public sector pensions scheme. The resulting service will be highly agile and responsive to the needs of its members and employers,” said Vivekanand Ramgopal, President, BFSI Products & Platforms, TCS.

TCS is the largest provider of software and IT services in the UK, with a large and diverse workforce spread across 30 locations around the country. As part of the partnership with DfE, TCS plans to expand its already significant presence in the UK life and pensions industry by establishing a service hub in Darlington.

This is a major achievement for TCS and a testament to its capabilities and reputation in the UK market. The company has been delivering innovative solutions and value to its customers across various sectors and domains. With this contract, TCS will further strengthen its position as a trusted partner for the UK public sector and a leader in the life and pensions industry.